Willis Towers Watson PLC (NASDAQ:WTW) posted mixed results for the first quarter on Thursday.
The company posted adjusted EPS of $3.72, beating market estimates of $3.67. The company’s sales came in at $2.412 billion missing expectations of $2.428 billion.
“WTW delivered first quarter results that demonstrate our strong operating discipline and continued progress of our strategy,” said Carl Hess, WTW’s Chief Executive Officer. “Our ongoing focus on enhancing efficiency drove margin expansion and significant EPS growth, despite a more challenging global market that created near-term headwinds to organic growth. Our investments in talent, AI and innovation to accelerate performance continue driving client value, and we remain confident in delivering our full-year commitments.”
Willis Towers Watson shares rose 0.3% to trade at $257.07 on Friday.
These analysts made changes to their price targets on Willis Towers Watson following earnings announcement.
- BMO Capital analyst Michael Zaremski upgraded Willis Towers Watson from Market Perform to Outperform and lowered the price target from $347 to $300.
- Evercore ISI Group analyst David Motemaden maintained the stock with an Outperform rating and cut the price target from $390 to $360.
- Piper Sandler analyst Paul Newsome maintained the stock with an Overweight rating and lowered the price target from $341 to $283.
- Citigroup analyst Matthew Heimermann maintained the stock with a Neutral and lowered the price target from $366 to $300.
Considering buying WTW stock? Here’s what analysts think:
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